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Gavilon Grain Names Lewis Batchelder Its New CEO, Announces Other Executive Changes
2016-02-29 12:06:50| Agriculture - Topix.net
GAVILON GRAIN NAMES LEWIS BATCHELDER ITS NEW CEO, ANNOUNCES OTHER EXECUTIVE CHANGES Feb. 29, 2016 Reuters reports: Gavilon LLC has hired a former executive at rival Archer Daniels Midland to take the helm as part of a major management reshuffle that is the latest sign a commodities rout is forcing changes at global grains merchants. Gavilon, owned by Japanese trading house Marubeni Corp, named Lewis Batchelder as chief executive officer to replace Jim Anderson, making him the company's second boss in less than two years.
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UPDATE 2-Japan's Marubeni halves profit outlook on oil price slide, Gavilon
2015-01-26 16:31:03| Chemicals - Topix.net
Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon. Like international oil majors and mining companies, Japan's trading companies have been caught flat-footed by the rout in commodities, with oil down as much as 60 percent and copper falling about 25 percent since the middle of last year.
Japan's Marubeni halves profit outlook on oil price slide, Gavilon
2015-01-26 14:06:15| Grocery - Topix.net
Japanese trading house Marubeni Corp on Monday halved its net profit projection for this business year, booking losses on resource assets due to falls in oil, copper and coal prices. It is now forecasting a net profit of 110 billion yen for the year ending in March, compared with its earlier forecast of 220 billion yen.
Gavilon calls on U.S. farm sector to deal with unapproved GMO crops
2014-03-24 14:02:19| Agriculture - Topix.net
The U.S. agriculture industry must devise a system to handle genetically modified crops barred by major importers because unapproved varieties will comprise an increasing portion of production in coming years, top executives at grain merchant Gavilon Group LLC said.
Gavilon calls on U.S. farm sector to deal with unapproved GMO crops
2014-03-24 12:21:31| Chemicals - Topix.net
The U.S. agriculture industry must devise a system to handle genetically modified crops barred by major importers because unapproved varieties will comprise an increasing portion of production in coming years, top executives at grain merchant Gavilon Group LLC said.